I did an elliott wave of g.to (GG in canada) and got to a cycle
1 top, one of my shorts, a bounce may be close, but I doubt we have
seen the end, if you want a chart, let me know
BTW, same count foe AEM, which was even weaker since had what
looked like 5th wave failure.
sorry matt, I did not mean to intrude, I am also interested in
your take
Posted by kichan77 on 15th of Aug 2008 at 04:59 pm
I like to see how you count your eliote wave...I see GG is on
WAVE 3 now. In my chart it was indicated in the WAVE 3. We
should have wave 4 rally coming...
not in my experience, as long as I can count impulse and
correction as per guidlines, it's all the same to me. BUT, I ain't
no guru, so take my count with a good dose of suspicion
Posted by treid4dou on 15th of Aug 2008 at 05:29 pm
Regarding GG .....the 40 month MA has been long term
support.....Weekly CCI under minus 200 is way down and RSI close to
30....are deep lows seen on bottoms....RSI seems turning up
now....In a week...GG will have to recover.
Regarding XAU....weekly CCI near minus 300 have only been seen
in very few bottoms.....maybe historical ones.
I am not a TA whizz....so pls. check this and revert....tks.
if the count is right, we are finishing up the 5th wave of a
whopper of an a wave correction, so as long as the 5th wave does
not extend itself, we are likely to finish this soon, which will
make me sad -- it was a hell of a short
I did an elliott wave
Gold stocks are pathetic! Actually it would be better for ...
Posted by googool on 15th of Aug 2008 at 04:56 pm
I did an elliott wave of g.to (GG in canada) and got to a cycle 1 top, one of my shorts, a bounce may be close, but I doubt we have seen the end, if you want a chart, let me know
BTW, same count foe AEM, which was even weaker since had what looked like 5th wave failure.
sorry matt, I did not mean to intrude, I am also interested in your take
I like to see how
Posted by kichan77 on 15th of Aug 2008 at 04:59 pm
I like to see how you count your eliote wave...I see GG is on WAVE 3 now. In my chart it was indicated in the WAVE 3. We should have wave 4 rally coming...
http://vk1314.com/charts/gg.png
I think EW in Goldstocks
Posted by treid4dou on 15th of Aug 2008 at 05:31 pm
I think EW in Goldstocks is somehow different....am I right...or wrong ??? Specially in this forced liquidation scenario. But who knows ???
not in my experience, as
Posted by googool on 15th of Aug 2008 at 05:40 pm
not in my experience, as long as I can count impulse and correction as per guidlines, it's all the same to me. BUT, I ain't no guru, so take my count with a good dose of suspicion
G_weekly.png G_daily.png there you are, feedbacks welcome
Posted by googool on 15th of Aug 2008 at 05:10 pm
there you are,
feedbacks welcome
Regarding GG .....the 40 month
Posted by treid4dou on 15th of Aug 2008 at 05:29 pm
Regarding GG .....the 40 month MA has been long term support.....Weekly CCI under minus 200 is way down and RSI close to 30....are deep lows seen on bottoms....RSI seems turning up now....In a week...GG will have to recover.
Regarding XAU....weekly CCI near minus 300 have only been seen in very few bottoms.....maybe historical ones.
I am not a TA whizz....so pls. check this and revert....tks.
rally soon is very possible
Posted by googool on 15th of Aug 2008 at 05:43 pm
rally soon is very possible based on my count,
if the count is right, we are finishing up the 5th wave of a whopper of an a wave correction, so as long as the 5th wave does not extend itself, we are likely to finish this soon, which will make me sad -- it was a hell of a short
GG is way oversold...I think
Posted by kichan77 on 15th of Aug 2008 at 10:05 pm
GG is way oversold...I think it need some time to settle down...One of indicates there is some short bounce on the way...But trend is still down.
http://vk1314.com/charts/gg.png